Funding woes remain for Indian fintechs despite revival of big bets

Investments among fintech start-ups in India saw a decline of 47% YoY in 2022 at $5.65 billion, compared to $10.7 billion the previous year

The Indian fintech start-up ecosystem, like many other sectors, was hit hard by the ongoing funding winter. Despite a resurgence of large funding rounds in the space recently, many start-ups are still finding it challenging to raise capital.

Furthermore, a dearth of regulations has done fintech no favours. Experts, however, say that the sector has fared better than others during this tumultuous period and investors are cautiously optimistic, albeit more selective with their bets.

Investments among fintech start-ups in India saw a decline of 47 per cent year-on-year (YoY) in 2022 at $5.65 billion, compared to $10.7 billion the previous